678 replies to this topic

[Smithy]

The SILJ:SLV ratio pulling upwards while silver plunges...

 

 

[Smithy]

Gold's daily BB are squeezing. The previous pinch, in Sept, was followed by $100 drop. Up or down?

[Smithy]

Alasdair  Macleod pumping out alarmist crap. Is it a shame.

 

Yesterday he said the Euro is doomed.

 

https://www.goldmone...ion-of-the-euro

 

Here's the silver / Euro correlation chart, totally refutes what he says if you think the price of silver is going up.

 

[Smithy]

[Smithy]

Here's the article behind it, from Visual Capitalist

 

https://www.visualca...-and-explorers/

[Smithy]

Having studied the gold and silver COTs this morning I can say that last week's $75 rally doesn't have popular support.

Of course the data is a snapshot of last Tuesday's close and we'll have a better idea next week, still it is interesting from a contrarian point of view.

[Smithy]

This argues for a gold low around mid December.

 

Edited by Smithy, 14 November 2020 - 10:31 AM.

[dougie]

that might work

something to tire all the bugs out

[Smithy]

The bulls would like to see the 77.8% retrace hold.

 

[Smithy]

Platinum is pulling to the upside this Monday morning.

Seasonal low due mid Dec.